The Union Budget 2017-18 assumed more importance than a conventional Budget because of the extraordinary environment in which it was being presented.
The year 2016 was one with many challenges—from Brexit to Donald Trump getting elected as the President of the United States of America, the global economy definitely faced challenging times.
The Union Budget for 2017-18 addresses all the issues which have been debated about during the last one year and those which are paramount to the interest of the common man.
If there was one thing that was conspicuous in the finance minister Arun Jaitley’s speech on the Union Budget, it was the absence of any major indirect tax changes.
The Budget has allocated R3,96 lakh crore to the infrastructure sector as a whole to spur economic activity and create more job opportunities.
Focus on skill development and employment will lead to inclusive economic growth
The finance minister did an impressive job of meeting the nearly impossible mix of expectations from various stakeholders.
This year’s budget, though positive, is not a game-changer. Insofar as healthcare is concerned, there is no strong thrust or focussed measures to bolster the sector.
The budget suggests the government wants to curb black money on all fronts. It has sought to restrict cash donations received by political parties to R2,000.
T his Year’s union Budget has struck a fine balance between fiscal prudence and providing growth boosters to the economy.
Stocks rallied smartly on Wednesday after the government clarified that categories I & II foreign portfolio investors (FPIs) would continue to be exempted from indirect transfer provisions.
In the words of the finance minister, “India has emerged as a bright spot in the world”, and rightly so. The Budget proposals seem to be taking the ‘Sabka saath, sabka vikas’ agenda of the present government forward. In my view, the FM seems to have done a balancing act with necessary tradeoffs which will […]
Govt intends to raise `46,500 cr through disinvestment; 3 rail PSUs on listing track
Trinamool Congress today alleged that BJP collected billions of rupees from “unknown sources” and is now preaching about electoral reforms.
Economists term the four factors of production as land, labour, capital and enterprise. This piece will discuss the third of these.
The forthcoming financial year is riddled with both challenges and opportunities that can emerge from global events and policy changes. As a nation, we have to be prepared for external disruptions. More importantly, we have to bring in fresh thinking, imagination and innovation into policy making. Through this Budget the finance minister has played a […]
Under Indradhanush, govt will inject `10,000 crore into public sector banks in FY18, and more will be provided if required
In a move that would aid recovery of bad loans, the government on Wednesday proposed listing and trading of security receipts (SRs) on stock exchanges.
Given the current stressed situation in the private sector, it is imperative for the government to take the burden of infrastructure sector.
This was a historic Budget, when the date was one month earlier than the usual, and the Railway Budget for the first time was integrated with the Union Budget.
Since November 8, 2016, the yield on the 10-year benchmark government bond declined by close to 40 bps.
The proposal to increase the allocation to Pradhan Mantri Awas Yojana to `29,043 crore from `20,075 crore in the previous year is expected to help increase the market for affordable housing.
A big focus of this Budget was on smaller dwellings or affordable housing, with this industry getting the status of infrastructure and all the subsequent benefits.
The Budget 2017-18 has provided an impetus to manufacturing, export infrastructure and government e-marketplace, Commerce and Industry Minister Nirmala Sitharaman today said.
Simplistically put, this is a sensible, political and realistic Budget. It is also a Budget that seeks the equity markets’ approval (so stays away from anything that could dampen the feel-good factor), and rightly so, gets it.
The Budget decision to halve personal income tax rate for the `2.5-5 lakh income slab to 5% comes as a big relief to taxpayers.
To bolster availability of specialist doctors at secondary and tertiary levels, the Centre today said it would create an additional 5,000 PG medical seats every year.